Daily Meeting on June 15

In our daily meeting this morning, Mr. Shen, Our CEO said the coronavirus pandemic has a great impacted on our international business and will continue to do so going forward. We must admit the fact that global demand is significantly shrinking, which in turn will cause international trade volumes to decrease. Of course the situation is challenging, and that there will be no [quick fix" for the upheaval triggered by the pandemic. Nevertheless, we are ready and prepared for this. By lowering expenses and balancing business in domestic market, we will confidently navigate the crisis.